American Century Companies Inc. Has $140.76 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

American Century Companies Inc. lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,107,739 shares of the company’s stock after acquiring an additional 36,255 shares during the quarter. American Century Companies Inc.’s holdings in Sprouts Farmers Market were worth $140,760,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its position in Sprouts Farmers Market by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after purchasing an additional 56,161 shares during the period. JPMorgan Chase & Co. lifted its position in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares during the period. Congress Asset Management Co. lifted its position in Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after purchasing an additional 632,523 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sprouts Farmers Market by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company’s stock worth $125,430,000 after purchasing an additional 3,836 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in Sprouts Farmers Market by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock worth $77,122,000 after purchasing an additional 10,326 shares during the period.

Wall Street Analyst Weigh In

SFM has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, Roth Mkm increased their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $162.92.

Sprouts Farmers Market Stock Up 1.9 %

Shares of NASDAQ SFM opened at $142.39 on Monday. The company has a 50 day simple moving average of $150.88 and a 200 day simple moving average of $136.02. The firm has a market cap of $13.96 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 229 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the completion of the sale, the vice president now owns 10,226 shares of the company’s stock, valued at approximately $1,425,811.18. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kim Coffin sold 4,060 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $557,925.20. Following the sale, the senior vice president now directly owns 11,432 shares of the company’s stock, valued at approximately $1,570,985.44. This trade represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,501 shares of company stock valued at $11,616,851. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.